Market News
Euro drops as French government crisis escalates - REUTERS
- No clear path to reducing French deficits in near-term -analyst
- Trump comments on the BRICS support the dollar
- US manufacturing data higher than expected -ISM, S&P Global
- Fed's Waller says inclined to cur rates this month
NEW YORK, Dec 2 (Reuters) - The euro faltered on Monday against a strong U.S. dollar on growing concerns about a possible government collapse in France, which would stall plans to curb a burgeoning budget deficit.
The greenback, meanwhile, extended gains after strong U.S. manufacturing data from both the Institute for Supply Management and S&P Global reports. However, despite the generally upbeat data, Federal Reserve Governor Christopher Waller said on Monday he was inclined to cut the benchmark interest rate at the Dec. 17-18 meeting as monetary policy remained restrictive.
